Property Details
1131 Fawcett Avenue #A-D
Tacoma, WA 98402
$1,199,950
Pending
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Property Overview
Own the "Golden Goose" of investment properties: a brand-new, turnkey 4-plex engineered for maximum cash flow and zero headaches. Built as two sleek duplexes, this high-performance asset delivers an immediate $7,800/month income stream bolstered by a massive 12-year tax abatement. Forget deferred maintenance; these units feature "quality" luxury finishes like commercial-grade vinyl plank, quartz countertops, and stainless appliances, all paired with high-efficiency ductless HVAC and extra insulation for low carry costs. The floor plans are a landlord’s dream, featuring 2-bed units with private en-suite baths and city views, plus high-demand 1-bed units designed for rapid, low-cost turnovers. This is a rare, low-maintenance powerhouse in a prime location—secure your equity and start collecting on day one.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
Tacoma
Listed
Mar 19, 2026
Financial Summary
Cap Rate
6.70%
Net Operating Income
$79,276
Gross Scheduled Income
$93,600
Gross Rent Multiplier
12.82
Total Expenses
$9,642
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,350
Leasable Area
3,350 sqft
Total Units
4
Zoning
Commercial,Multi-Family
Possible Use
Commercial, Multi-Family
Lot Size
3,001 sqft
Year Built
2026
Exterior & Lot
Lot Size
0.07 sqft
Year Built
2026
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Cement Planked
Location
City
Tacoma
County
Pierce
Coordinates
47.25183, -122.44231
Additional Information
New Construction
Yes
Tax Year
2026
Annual Taxes
$1,642
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
